China Economic Information Daily citing analysts (via MNI):
- The central government is expected to lower its inflation target to about 3% for 2015 at the upcoming Central Economic Work Conference (expected to be held before year-end)
- Adjustment of the CPI target reflects the downwards trend in inflation
- CPI is only expected to grow around 2% this year
- Current government target is 3.5%
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China CPI data from yesterday: China data – CPI for October +1.6% y/y (vs. expected +1.6%)
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Hmm, I wonder if this opens the door to further targeted stimulus or even wider-spread stimulus measures? The idea seems to be getting hoisted up the flagpole … China analyst says low inflation may see PBOC cut interest rates
